15% of Short-Term Lets Move to the Long-Term Rental Market
26 January 2021 The short-term letting market in Lisbon saw the owners of 597 homes cancel their registrations, while 483 new units opened, marking the first year of negative growth in the market. According to Eduardo Miranda, the president of the Portuguese Local Housing Association (ALEP), “Lisbon had a 78% drop in new registrations, with […]
Supply of Rental Housing Grows 45% Due to Drop in Tourism
20 December 2020 – According to a report by Casafari, the market for buying and selling homes has held up relatively well during the Covid-19 pandemic. It has been impacted, nevertheless, primarily motivated by the crisis in the tourism sector. The Covid-19-driven crisis in the tourism sector is already having a direct impact on the […]
Portuguese Chose Alentejo and Algarve as the Best Places for Tourism
18 November 2020 – There were increases in the number of overnight stays by Portuguese residents in the Algarve (+10.1%) and in the Alentejo (+3.9%) in the month of September, despite the sharp drop in tourism. The tourist accommodation sector saw 1.4 million guests and 3.6 million overnight stays in the month, equal to drops […]